StockNews.com Initiates Coverage on Chicago Rivet & Machine (NYSEAMERICAN:CVR)

Research analysts at StockNews.com initiated coverage on shares of Chicago Rivet & Machine (NYSEAMERICAN:CVR) in a research report issued on Sunday. The brokerage set a “sell” rating on the stock.

Chicago Rivet & Machine Stock Performance

Shares of NYSEAMERICAN CVR opened at $15.05 on Friday. Chicago Rivet & Machine has a 12-month low of $14.73 and a 12-month high of $28.00. The stock has a market cap of $14.60 million, a PE ratio of -3.22 and a beta of 0.14.

Chicago Rivet & Machine (NYSEAMERICAN:CVR) last issued its quarterly earnings data on Friday, May 10th. The company reported ($0.72) earnings per share for the quarter. The company had revenue of $7.85 million for the quarter. Chicago Rivet & Machine had a negative return on equity of 16.82% and a negative net margin of 14.75%.

Hedge Funds Weigh In On Chicago Rivet & Machine

An institutional investor recently bought a new position in Chicago Rivet & Machine stock. Cannell Capital LLC bought a new position in shares of Chicago Rivet & Machine Co. (NYSEAMERICAN:CVR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,486 shares of the company’s stock, valued at approximately $202,000. Cannell Capital LLC owned about 1.18% of Chicago Rivet & Machine at the end of the most recent quarter. Institutional investors and hedge funds own 19.87% of the company’s stock.

Chicago Rivet & Machine Company Profile

Chicago Rivet & Machine Co operates in the fastener industry in North America. It operates in two segments, Fasteners and Assembly Equipment. The Fastener segment manufactures and sells rivets, cold-formed fasteners and parts, and screw machine products. The Assembly Equipment segment engages in the manufacture and sale of automatic rivet setting machines, as well as parts and tools for related machines.